other material
confidence high
sentiment neutral
materiality 0.60
Schrodinger enters $250M at-the-market stock offering with SVB Securities
Schrodinger, Inc.
- Up to $250M in common stock may be sold through SVB Securities as sales agent.
- SVB Securities will receive up to 3.0% commission on gross proceeds.
- Shares will be sold under existing S-3ASR shelf registration; prospectus supplement filed May 24, 2023.
- Offering may be suspended or terminated by either party; no use of proceeds disclosed.